June 21, 2024
Press Release
JUNE 21, 2024
FOR IMMEDIATE RELEASE
For more information: Sally Sadd, sally@phelpscountyne.com or (308) 991-4148
PCDC Unveils GO! HOME 2.0, Expanded Down Payment Assistance Program
HOLDREGE – Since its introduction in 2017, nearly 300 new residents have moved to Phelps
County using down payment assistance from PCDC’s GO! HOME program. The original
purpose was to encourage workers to live closer to their place of employment and end long
commutes. More than $17 million of home sales were generated by the program.
Today, housing conditions are different than eight years ago. Inflation, rising construction costs
and interest rates have taken a toll on prospective home buyers, so PCDC has updated the GO!
HOME program to provide more assistance in a flexible package.
GO! HOME 2.0 increases PCDC’s match to $2 for every $1 from employers for the purchase of
a new-construction home. Buyers can earn $5,000 from PCDC and $2,500 from the employer
for a $7,500 down payment grant to buy a newly constructed home. Additionally, the program
has been broadened to include all buyers, not only new residents to Phelps County.
Buyers of existing homes can earn a $1 for $1 grant or up to $2,500 from PCDC and $2,500
from participating employers.
Details and application forms are available on PCDC’s website:
https://www.phelpscountyne.com/phelps-county/relocation-assistance/go!-home-programs
“Our goal with GO! HOME 2.0 is to assist buyers to purchase homes in Phelps County. These
changes will help buyers move up or purchase their first home,” said Ron Tillery, executive
director of PCDC.
Realtors, bankers, and participating employers will receive details of the updated program this
week. The programs become effective immediately.